VIKING FUND MANAGEMENT LLC

MINOT, ND · CIK 1169069 · 13F filing filed 2026-07-13

SEC-registered investment adviser since 1999 · limited liability company

Assets managed$1.1bn
Staff5 · 4 in investment roles
Main clients (by assets)Mutual funds and ETFs 100%
Form ADV · 2026-03-27SEC adviser record

Kindmutual funds
Others nearbyMinot, ND

$1.1bn reported value +14.5% vs Q1 2026

146positions

25.6%in top 10

12 new 28 added 20 reduced 8 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	BROADCOM INC COM AVGO	AVGO	109,500	$41.4m3.70%	3.70%	Added +500	+500 0.5%
2	CORNING INC COM GLW	GLW	130,000	$33.2m2.97%	2.97%	Reduced -55.0k	-55,000 -29.7%
3	CHEVRON CORP NEW COM CVX	CVX	193,500	$32.1m2.87%	2.87%	Added +32.0k	+32,000 19.8%
4	TC ENERGY CORP COM TRP	TRP	450,000	$29.8m2.67%	2.67%	Reduced -80.0k	-80,000 -15.1%
5	ABBVIE INC COM ABBV	ABBV	110,000	$27.7m2.48%	2.48%	Added +20.0k	+20,000 22.2%
6	WILLIAMS COS INC COM WMB	WMB	354,000	$26.3m2.36%	2.36%	Added +114.0k	+114,000 47.5%
7	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	443,000	$25.5m2.29%	2.29%	Added +70.0k	+70,000 18.8%
8	NEXTERA ENERGY INC COM NEE	NEE	287,300	$25.2m2.26%	2.26%	Added +2.3k	+2,300 0.8%
9	HEWLETT PACKARD ENTERPRISE C COM HPE	HPE	500,000	$22.6m2.02%	2.02%	Reduced -50.0k	-50,000 -9.1%
10	ENTERGY CORP NEW COM ETR	ETR	194,000	$22.3m2.00%	2.00%	Reduced -11.0k	-11,000 -5.4%
11	XCEL ENERGY INC COM XEL	XEL	260,000	$20.9m1.87%	1.87%	Unchanged
12	MORGAN STANLEY COM NEW MS	MS	95,000	$19.9m1.78%	1.78%	Unchanged
13	GENUINE PARTS CO COM GPC	GPC	160,000	$18.9m1.69%	1.69%	Added +60.0k	+60,000 60.0%
14	PEPSICO INC COM PEP	PEP	139,000	$18.8m1.69%	1.69%	Unchanged
15	KIMBERLY-CLARK CORP COM KMB	KMB	160,000	$17.6m1.57%	1.57%	Added +57.0k	+57,000 55.3%
16	MCCORMICK & CO INC COM NON VTG MKC	MKC	335,000	$16.9m1.51%	1.51%	Added +135.0k	+135,000 67.5%
17	DELL TECHNOLOGIES INC CL C DELL	DELL	39,000	$16.8m1.51%	1.51%	Reduced -4.0k	-4,000 -9.3%
18	VERIZON COMMUNICATIONS INC COM VZ	VZ	367,000	$15.5m1.39%	1.39%	Unchanged
19	FIFTH THIRD BANCORP COM FITB	FITB	270,000	$15.2m1.36%	1.36%	Added +70.0k	+70,000 35.0%
20	BANK AMERICA CORP COM BAC	BAC	260,000	$14.8m1.33%	1.33%	Added +40.0k	+40,000 18.2%
21	PRUDENTIAL FINL INC COM PRU	PRU	135,000	$14.6m1.30%	1.30%	Added +10.0k	+10,000 8.0%
22	ALTRIA GROUP INC COM MO	MO	202,000	$14.5m1.30%	1.30%	Unchanged
23	JPMORGAN CHASE & CO COM JPM	JPM	44,000	$14.4m1.29%	1.29%	Unchanged
24	PHILLIPS 66 COM PSX	PSX	85,000	$14.4m1.29%	1.29%	Unchanged
25	BRITISH AMERN TOB PLC SPONSORED ADR BTI	BTI	230,000	$14.2m1.27%	1.27%	Added +20.0k	+20,000 9.5%
26	AMERICAN FINL GROUP INC OHIO COM AFG	AFG	101,000	$14.1m1.27%	1.27%	Unchanged
27	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	50,000	$14.1m1.26%	1.26%	Added +23.0k	+23,000 85.2%
28	CITIGROUP INC COM NEW C	C	98,000	$13.7m1.23%	1.23%	Unchanged
29	AT&T INC COM T	T	655,000	$13.6m1.21%	1.21%	Added +80.0k	+80,000 13.9%
30	SHELL PLC SPON ADS SHEL	SHEL	172,000	$13.3m1.19%	1.19%	Added +12.0k	+12,000 7.5%
31	ELI LILLY & CO COM LLY	LLY	11,000	$13.2m1.18%	1.18%	Unchanged
32	QUALCOMM INC COM QCOM	QCOM	70,900	$13.1m1.17%	1.17%	Reduced -4.1k	-4,100 -5.5%
33	NOVO-NORDISK A S ADR NVO	NVO	270,000	$12.9m1.16%	1.16%	Unchanged
34	CHENIERE ENERGY INC COM NEW LNG	LNG	54,000	$12.9m1.16%	1.16%	Added +9.0k	+9,000 20.0%
35	MERCK & CO INC COM MRK	MRK	100,000	$12.8m1.15%	1.15%	Unchanged
36	PROCTER AND GAMBLE CO COM PG	PG	80,000	$11.7m1.05%	1.05%	Unchanged
37	TOTALENERGIES SE ACT TTE	TTE	150,000	$11.7m1.04%	1.04%	Added +50.0k	+50,000 50.0%
38	COCA COLA CO COM KO	KO	135,000	$11.0m0.98%	0.98%	Unchanged
39	DIGITALOCEAN HLDGS INC COM DOCN	DOCN	68,000	$10.7m0.96%	0.96%	Reduced -7.0k	-7,000 -9.3%
40	ADVANCED MICRO DEVICES INC COM AMD	AMD	17,000	$9.9m0.88%	0.88%	Unchanged
41	HOME DEPOT INC COM HD	HD	28,000	$9.9m0.88%	0.88%	Unchanged
42	DIAMONDBACK ENERGY INC COM FANG	FANG	55,000	$9.7m0.87%	0.87%	Unchanged
43	TEXAS INSTRS INC COM TXN	TXN	32,000	$9.5m0.85%	0.85%	Unchanged
44	KLA CORP COM NEW KLAC	KLAC	30,000	$9.1m0.81%	0.81%	Unchanged
45	EASTMAN CHEM CO COM EMN	EMN	130,000	$8.7m0.78%	0.78%	New
46	LAM RESEARCH CORP COM NEW LRCX	LRCX	20,000	$8.7m0.78%	0.78%	Unchanged
47	EVERGY INC COM EVRG	EVRG	100,000	$8.6m0.77%	0.77%	Unchanged
48	TARGA RES CORP COM TRGP	TRGP	32,000	$8.6m0.77%	0.77%	Reduced -18.0k	-18,000 -36.0%
49	EXPAND ENERGY CORPORATION COM EXE	EXE	93,000	$8.5m0.76%	0.76%	Added +5.0k	+5,000 5.7%
50	ALLSTATE CORP COM ALL	ALL	35,000	$8.3m0.75%	0.75%	Unchanged
51	OLD REP INTL CORP COM ORI	ORI	200,000	$8.2m0.73%	0.73%	Unchanged
52	PFIZER INC COM PFE	PFE	338,000	$8.1m0.73%	0.73%	Unchanged
53	BEST BUY INC COM BBY	BBY	106,000	$8.0m0.72%	0.72%	Unchanged
54	PERMIAN RESOURCES CORP CLASS A COM PR	PR	411,000	$7.6m0.68%	0.68%	Unchanged
55	VALERO ENERGY CORP COM VLO	VLO	29,000	$7.6m0.68%	0.68%	Unchanged
56	KODIAK GAS SVCS INC COM KGS	KGS	100,000	$7.5m0.67%	0.67%	Reduced -57.0k	-57,000 -36.3%
57	ARCHROCK INC COM AROC	AROC	180,000	$7.3m0.66%	0.66%	Reduced -40.0k	-40,000 -18.2%
58	BAKER HUGHES COMPANY CL A BKR	BKR	130,000	$7.2m0.65%	0.65%	Unchanged
59	NVIDIA CORPORATION COM NVDA	NVDA	35,000	$7.0m0.63%	0.63%	Unchanged
60	EXXONMOBIL HOLDINGS CORP COM SHS STOCK XOM	XOM	50,000	$6.8m0.61%	0.61%	New
61	MCDONALDS CORP COM MCD	MCD	25,000	$6.8m0.61%	0.61%	Added +5.0k	+5,000 25.0%
62	LOCKHEED MARTIN CORP COM LMT	LMT	13,000	$6.6m0.59%	0.59%	Unchanged
63	ALPHABET INC CAP STK CL A GOOGL	GOOGL	18,000	$6.4m0.58%	0.58%	Unchanged
64	UNITED PARCEL SERVICE INC CL B UPS	UPS	59,000	$6.3m0.57%	0.57%	Unchanged
65	UNUM GROUP COM UNM	UNM	70,000	$6.3m0.56%	0.56%	Unchanged
66	DEVON ENERGY CORP NEW COM DVN	DVN	150,000	$6.2m0.56%	0.56%	New
67	APPLE INC COM AAPL	AAPL	21,000	$6.1m0.54%	0.54%	Unchanged
68	PAYCHEX INC COM PAYX	PAYX	60,000	$5.9m0.53%	0.53%	Unchanged
69	NRG ENERGY INC COM NEW NRG	NRG	39,500	$5.8m0.52%	0.52%	Added +13.5k	+13,500 51.9%
70	VISTRA CORP COM VST	VST	35,000	$5.6m0.50%	0.50%	Added +15.0k	+15,000 75.0%
71	PHILIP MORRIS INTL INC COM PM	PM	30,000	$5.4m0.49%	0.49%	Unchanged
72	TRANE TECHNOLOGIES PLC SHS TT	TT	11,000	$5.4m0.48%	0.48%	Unchanged
73	STARBUCKS CORP COM SBUX	SBUX	52,000	$5.3m0.48%	0.48%	Unchanged
74	CLOUDFLARE INC CL A COM NET	NET	21,000	$5.2m0.46%	0.46%	Unchanged
75	VISA INC COM CL A V	V	15,000	$5.1m0.46%	0.46%	Unchanged
76	ANTERO RESOURCES CORP COM AR	AR	140,000	$4.9m0.44%	0.44%	Added +20.0k	+20,000 16.7%
77	BLACKROCK INC COM BLK	BLK	5,000	$4.8m0.43%	0.43%	Unchanged
78	VERTIV HOLDINGS CO COM CL A VRT	VRT	14,000	$4.7m0.42%	0.42%	Reduced -2.0k	-2,000 -12.5%
79	SPIRE INC COM SR	SR	60,000	$4.7m0.42%	0.42%	Unchanged
80	ILLINOIS TOOL WKS INC COM ITW	ITW	17,000	$4.6m0.41%	0.41%	Unchanged
81	PALO ALTO NETWORKS INC COM PANW	PANW	13,203	$4.5m0.40%	0.40%	Unchanged
82	LANDBRIDGE COMPANY LLC CL A LB	LB	56,000	$4.4m0.40%	0.40%	Unchanged
83	CATERPILLAR INC COM CAT	CAT	4,000	$4.3m0.38%	0.38%	Unchanged
84	EQT CORP COM EQT	EQT	75,000	$4.0m0.36%	0.36%	Unchanged
85	TEXAS PACIFIC LAND CORPORATI COM TPL	TPL	9,000	$3.9m0.35%	0.35%	Unchanged
86	NEXTDECADE CORP COM NEXT	NEXT	500,000	$3.8m0.34%	0.34%	Added +50.0k	+50,000 11.1%
87	BADGER METER INC COM BMI	BMI	25,000	$3.7m0.33%	0.33%	Added +5.0k	+5,000 25.0%
88	OVINTIV INC COM OVV	OVV	69,000	$3.6m0.33%	0.33%	Added +9.0k	+9,000 15.0%
89	MASTERCARD INCORPORATED CL A MA	MA	7,000	$3.6m0.32%	0.32%	Unchanged
90	AIR PRODS & CHEMS INC COM APD	APD	11,000	$3.2m0.29%	0.29%	Unchanged
91	DEERE & CO COM DE	DE	5,000	$3.2m0.28%	0.28%	Unchanged
92	WASTE MGMT INC DEL COM WM	WM	13,000	$2.9m0.26%	0.26%	Unchanged
93	EXELON CORP COM EXC	EXC	60,000	$2.8m0.25%	0.25%	Unchanged
94	TECHNIPFMC PLC COM FTI	FTI	40,000	$2.7m0.24%	0.24%	Unchanged
95	VENTURE GLOBAL INC COM CL A VG	VG	230,000	$2.6m0.23%	0.23%	Unchanged
96	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	5,000	$2.5m0.22%	0.22%	Unchanged
97	UNITEDHEALTH GROUP INC COM UNH	UNH	6,000	$2.5m0.22%	0.22%	Unchanged
98	PNC FINL SVCS GROUP INC COM PNC	PNC	10,000	$2.5m0.22%	0.22%	Unchanged
99	FLEX LTD ORD FLEX	FLEX	15,000	$2.4m0.22%	0.22%	New
100	KINDER MORGAN INC DEL COM KMI	KMI	75,000	$2.4m0.21%	0.21%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
EXXON MOBIL CORP XOM	XOM	50,000	$8.5m50.0k shares
KENVUE INC KVUE	KVUE	300,000	$5.2m300.0k shares
ACCENTURE PLC IRELAND ACN	ACN	20,000	$4.0m20.0k shares
SCHLUMBERGER LTD SLB	SLB	60,000	$3.1m60.0k shares
MARSH & MCLENNAN COS INC MRSH	MRSH	17,000	$2.9m17.0k shares
CONOCOPHILLIPS COP	COP	20,000	$2.6m20.0k shares
MURPHY USA INC MUSA	MUSA	4,000	$2.0m4.0k shares
CAL MAINE FOODS INC CALM	CALM	3,000	$237.4k3.0k shares